Hard Money Refinance

[Robert Johnson]

Anybody have an idea for refinancing a condotel with hard money? We were set to have a DSCR loan in place on this property after we bought it cash, but that is looking less ideal. Main reason being we are looking at fixing it up after the busy season (it's an Airbnb property in gatlinburg TN) and then hoping to sell in the winter time, but the DSCR has a 5% prepayment penalty. Wed be looking for about a 130k note that would get my partner some money back in his pocket plus give us 30k for renovations. Any tips appreciated!